Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets. Source: https://cointelegraph.com/public/index.php/news/trusted-seller-vends-fake-trezor-wallets-stealing-crypto-kaspersky
Month: May 2023
3 reasons why Ethereum price could struggle at the $1.9K level
The ETH price could come under short-term pressure due to a downtrend in deposits, reduced DEX volume market share and futures data showing traders with a beari… Source: https://cointelegraph.com/public/index.php/news/3-reasons-why-ethereum-price-could-struggle-at-the-1-9k-level
Over 26,000 Tokens Created – Defi Bitcoin News
Following the recent Bitcoin Cash upgrade on Monday, data reveals that approximately 1,308 fungible tokens and 25,336 non-fungible tokens (NFTs) have emerged on the blockchain. Moreover, the Cashtokens token ecosystem is now accessible through the blockchain explorers 3xpl.com and salemkode.com, allowing users to explore its potential. Bitcoin Cash Upgrade Unleashes Token Frenzy and Infrastructure Support As of May 15, 2023,…
Bancor DAO hit with class action suit over impermanent loss protection promises
A group of investors has filed a class action suit against the Bancor decentralized autonomous organization (DAO), its operator BProtocol Foundation and its founders in the United States District Court for the Western District of Texas. The plaintiffs claim, among other things, that Bancor deceived investors about its impermanent loss protection (ILP) mechanism for liquidity providers and was an unregistered…
Coinbase Pauses Ethereum Staking Reward Withdrawals for Up to Three Days
Coinbase – the largest cryptocurrency exchange in the United States – temporarily paused payouts of ETH staking rewards on Tuesday, citing a “minor technical issue.” While the exchange promised that user rewards are “still being earned and will be paid out,” the company said the issue might take up to three days to fully resolve. We’ve temporarily paused ETH staking…
Coinbase Pauses ETH Staking Reward Withdrawals for Up to Three Days
Coinbase – the largest cryptocurrency exchange in the United States – temporarily paused payouts of ETH staking rewards on Tuesday, citing a “minor technical issue.” While the exchange promised that user rewards are “still being earned and will be paid out,” the company said the issue might take up to three days to fully resolve. We’ve temporarily paused ETH staking…
Anchorage Digital Launches Decentralized Snapshot Voting for Institutional Investors
Digital asset trust bank Anchorage Digital today announced that its customers will be able to take part in decentralized voting, known as Snapshot. Institutional investors had previously expressed interest in being able to take part in projects’ digital governance, the San Francisco-based bank said. In the crypto world, snapshot voting is a decentralized voting system. It is used specifically in…
‘Backdoor’ in Ledger? Here’s What’s Going On—And How to Keep Your Crypto Safe
A contentious new feature has been added onto all Ledger hardware wallet devices. On Tuesday morning, the announcement had Crypto Twitter buzzing. Although advertised several weeks back in a Wired article, today’s release brought the fire from the crypto community. The feature in question is Ledger Recovery, an ID-based private key recovery service would allow users to backup their private…
CoinShares posts highest quarterly earnings since Q1 2022
Cryptocurrency investment group CoinShares recently published its Q1 earnings report for 2023 amid what it’s calling a “return to profitability.” Highlights of the report include revenue in the amount of $11.73 million (down from $22.46 million in Q1 2022), total comprehensive income of $3.62 million (down from $25.83 million in Q1 2022) and an adjusted earnings before interest, taxes, depreciation,…
3 reasons why Ethereum price could struggle at the $1.9K level
Since May 12, Ether (ETH) price has been struggling to sustain its $1,800 support level as investors face pressures from a worsening crypto regulatory environment and the Ethereum network’s high gas fees. Also negatively impacting Ether’s price are 3 indicators signaling reduced demand for its decentralized applications (DApps) and a lack of leverage buying demand from professional traders. Regulators signal…